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Five years ago, Gerald invested $162,000 in a passive activity, his sole investment venture. On January 1, 2020, his amount at risk in the activity was $32,400. His shares of the income and losses were as follows: Gerald holds no suspended at-risk or passive activity Josses at the beginning of 2020 . If an answer is zero, enter " 0 ". a. If losses were limited only by the at-risk rules, how much can Gerald deduct in 2020 and 2021 ? b. Refer to the information in part (a) above. If losses were limited by the at-risk and the passive activity loss rules, how much would Gerald be able to deduct in 2020 and 2021 ? Of the allowable at-risk loss for 2020 , Gerald may deduct \$ in 2020 due to the passive loss rules and of the allowable atrisk loss from 2021, Gerald may deduct \$ in 2021 due to the passive loss rules. c. Assuming Gerald has $129,600 income in 2022 , (and considering both at-risk and passive activity loss rules), what is the amount of Gerald's suspended losses at the end of 2022? - Suspended under the at-risk rules: $ - Suspended under the passive activity loss rules: 1 What is his taxable income for 2022? s As the end of 2022, what is the amount of Gerald's adjusted basis in the activity? 1

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